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20121220
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forward hearing from both men later in the program. as for the deal itself, if you're a new york stock exchange shareholder, mr. spreker built this account the past decade. 36% of the combined company will be controlled by current new york stock exchange shareholders. you get a premium. also an opportunity to participate in the continued growth of what will be a trading ba he months. they trade stocks. energy, interest rates, commodities, agriculture, that's what it's bat. global platform for the trading in so many different asset classes, particularly as it relates to derivatives, putting these two companies together this way. cost synergy is very important. $450 million what they are looking for. say that will take place after the second full year, realizing all of them but almost 80% within two years of closing. that's related to technology savings. clearing duplicate expenses, one public company instead of two save money. there are going to be some job losses one would anticipate here as well. women see how ice shares do today, of course, a growth company, so in growth shareholder
the jeffries trading floor today in new york. peter, you have a lot of different scenarios, but the most likely scenario that you think is that the blackberry fails, there is no acquisition on this and the cash firm continues? >> yeah. we think it costs about $1 billion to launch these devices. if successful, we think an access possibility goes up. if not, we see the company become much, much smaller a year from now. >> how do you measure success? and when we we know on this? >> we'll probably know around around/may next year. success would be call it 3 to 5 million units in the first quarter out of the gate and 5 million units plus after that. to us, that would be a very good launch. >> for anybody who is actually a blackberry user still, what do you say about these things? if there's a takeover, does that mean blackberry continues? what's the long-term outlook for the company? >> i would suspect that if you're a blackberry user, there's very little chance that your service is going to be cut off. that is a key cash flow driver for the company and anybody who would want to buy isn't concerned
sanchez. tebow obviously not very happy. the "new york daily news" is reporting he is going to ask to be traded. not exactly a ringing endorsement or anything from rex ryan. i mean wow. >> nothing. can we just acknowledge the craziness here? we're talking about a football team that is 6-8 and is not going to go to the playoffs this year for the second consecutive year but the jets are the story and it's because of tim tebow who is this intensely polarizing player who electrified the country as a member of the denver broncos. >> do you think he's asking to be traded? >> i think that's definitely a possibility. i think mark sanchez, who is the other jets quarterback being passed over here, he could also be gone. there's a lot of turmoil. >> why are they not using tebow? there was this gigantic fan fare when he came in and i don't think in terms of playing he was a star, but certainly in terms of what he could bring for the team he was. why is this not the opportunity? they're losing anyway. >> of course. you'd think a team like the jets, which has always been into doing crazy things
of money. in brooklyn, new york, this weekend, people went to trade guns for debit cards at two different locations. the program was run by the police and the brooklyn district attorney's office. more than 130 guns were turned in in exchange for up to $200 a gun. in evanston, illinois, north of chicago, there was a gun buyback program this weekend at a church organize bade community activist whose son was shot and killed in evanston last month. the police collected 26 handguns, 15 rifles, four shotguns. in baltimore, maryland, at the city college high school, officers collected firearms, more than 450 firearms in exchange for $100 gift cards from a legal grocery store. in a press release about the event, the grocery store said, quote, no gun dealers, please. on mother's day in los angeles, a gun buyback program there. look at this, took in 1600 weapons, including an assault rifle with a 50-round clip and a silencer. somebody even turned in a rocket launcher. that program is run by the city's gang reduction unit. detroit, michigan, has seen a bunch of these buybacks, including one last aug
fadden and bill weir in new york city, and terry moran in washington, this is a special edition of "nightline" -- tragedy at sandy hook, the search for solutions. >>> good evening. i'm terry moran. today the shattered community of newtown, connecticut, mourned the young teacher who died trying to protect her first grade class, while school districts across the country are now beefing up security. in the wake of this tragedy, schools nationwide are grappling with the difficult questions about keeping their students safe, including the debate over arming teachers with guns. here's alex perez. >> reporter: she came face to face with unthinkable horror and fought to save her first graders. laid to rest today, 27-year-old sandy hook teacher vicki soto. those remembers her we're green ribb ribbons, her favorite color. her sister jillian, already know what the world is remembering, saying you have been a hero to me for a lot longer than five days. you've been my big sister, the one i've always looked up to. among the mourners, family friend musician paul simon who performed "the sound of silence." s
this morning "the new york times" and went through the whole thing thoroughly. the result of it is that there is less likelihood of a child with autism to have an aggression against other people than there is for typical children, so not only is there no evidence that supports the fact that they are violent to other people, but they are actually less violent towards other people than typical people and when you really get into these stories about violence and you see children or young adults, what you're going to see generally is people with alcohol or drug problems or some other situation. they're seven to ten times more likely to be violent than typical children and autistic children are less so. sometimes, they are self injurious, but rarely to other people. these kinds of generalizations are killing us. these parents of children with autism, they're frightened, angry. people are talking about you know, autism as though they're acquainted with it. they're using it as a generalization and it's really very sad. this, there's no evidence so far, we haven't seen any evidenc
, mike. thanks so much. >>> now we turn to congressman charles rangel, a democrat of new york. sir, i put to you the question we started with, the clock is ticking to the new year. here comes the fiscal cliff. so what on earth is the speaker, mr. boehner and his boys, what on earth are they doing wasting time on these gyrations as harry reid referred to them? >> the best i can make out is that he doesn't have the votes to do what he would want to do, and that he's using these legislative procedures in order to test the moderates as opposed to those that prevent him from making any type of decent agreement with the president of the united states, and i'd like to add, and the american people. he has, unfortunately, in his party a group that he's dependent on if he wants to remain speaker that refuse, that refuse to the believe that obama has won the election. they hated had i am from the beginning and the election didn't cause any more delight in where we go from here. and so the best i can make out, he's trying to get enough votes to get enough support to free himself and to ultimately mak
Search Results 0 to 6 of about 7